Does institutional quality drive innovation? Evidence from system-GMM estimates
作者： Emrah Koçak
DOI:
关键词: Estimation 、 Government 、 Developing country 、 Stability (learning theory) 、 Economics 、 Quality (business) 、 Order (exchange) 、 Industrial organization 、 Bureaucracy 、 Panel data
摘要: This paper investigates the influence of institutional quality on innovation performance in developing countries by employing annual data from 1997-2014. The system-generalized method moments (GMM) is used as empirical method. Estimation results reveal that bureaucratic quality, government stability, democratic accountability, and law order indicators represent have had a positive innovation performance. These indicate improving the structure would a significant contribution to process hence economic development
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